“Asad has provided the team with high quality and expert analysis for more than a decade and his input has contributed immensely to the success of the fund and the wider fixed interest franchise,” said Paul Causer, co-head of fixed interest in a statement.

Previously working as a fixed interest credit analyst before progressing to senior analyst within the fixed income team, Bhatti has played a key role in generating investment ideas and opportunities for the Invesco Perpetual Fixed Interest funds. Bhatti covers a number of industries including retail, consumer, packaging, travel, mining and building materials. He began his investment career with Arthur Anderson before joining Abbey National Treasury Services.

The Invesco Perpetual High Yield Fund was launched in 1999 has £130.8m assets under management. The fund, which moved into the IMA High Yield sector in 2009, aims to achieve a high level of income together with capital growth over the medium to long term, the firm said.